Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD – Get Free Report) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 9,393 shares, a decline of 77.5% from the April 30th total of 41,791 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 10,944 shares, the days-to-cover ratio is currently 0.9 days.
Institutional Investors Weigh In On Monarch Volume Factor Dividend Tree Index ETF
A hedge fund recently bought a new stake in Monarch Volume Factor Dividend Tree Index ETF stock. West Michigan Advisors LLC bought a new position in shares of Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,648 shares of the company’s stock, valued at approximately $216,000. West Michigan Advisors LLC owned about 0.25% of Monarch Volume Factor Dividend Tree Index ETF as of its most recent SEC filing.
Monarch Volume Factor Dividend Tree Index ETF Stock Performance
MVFD stock opened at $29.94 on Friday. Monarch Volume Factor Dividend Tree Index ETF has a twelve month low of $25.08 and a twelve month high of $31.86. The business has a fifty day moving average of $29.93 and a 200-day moving average of $29.59.
About Monarch Volume Factor Dividend Tree Index ETF
The Monarch Volume Factor Dividend Tree Index ETF (MVFD) is an exchange-traded fund that is based on the Monarch Volume Factor Dividend Tree index. The fund tracks an equal-weighted index comprised of US equities that are exhibiting positive cash flow and dividend-paying capabilities. The fund can toggle to short-term US Treasury securities when cash flow trend is negative. MVFD was launched on Mar 6, 2024 and is issued by Monarch.
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